Showing 1 - 10 of 38
A method for analysing the competitiveness of a consultant's two-envelope fee tendering history is proposed and … aggregated for determining overall competitiveness. In analysing bidding performance it was found that this consultant's fee …
Persistent link: https://www.econbiz.de/10009277911
Consultants' fees and technical submissions in two-envelope fee tendering are usually converted to scores. The fee … undertaken in the popular two-envelope fee tendering models. It seems that in many cases the consultant selection becomes biased …
Persistent link: https://www.econbiz.de/10005482455
A great body of knowledge exists on the theory of auctions and competitive bidding that is of potential relevance to … construction contract tendering. Most of this, however, contains assumptions—such as perfect information—that are unlikely to be … assumptions to align more closely with the construction tendering situation. In particular, the effects of additive and …
Persistent link: https://www.econbiz.de/10005482608
Two-envelope fee bidding is used frequently in allocating commissions to willing consultants such as architects …
Persistent link: https://www.econbiz.de/10005269036
Consultants, in competing for work through two-envelope fee tendering, have been urged to consider variability … is awarded the contract. Fee and technical score variability arising from different client fee tendering competitions is … analysed in this paper, and a method proposed for determining whether a particular client's two-envelope fee tendering …
Persistent link: https://www.econbiz.de/10005633059
This paper discusses the content, origin and development of tendering theory as a theory of price determination. It … demonstrates how tendering theory determines prices and how it is different from game and decision theories, and that in the … tendering process, with non-cooperative, simultaneous, single sealed bids with individual private valuations, extensive public …
Persistent link: https://www.econbiz.de/10005438577
A pre-tender building cost estimate is an important piece of information when making decisions at the project planning and design stage. The important project characteristics influencing the accuracy of pre-tender building cost estimates are examined and practical improvement for increasing the...
Persistent link: https://www.econbiz.de/10005482429
The procurement of a construction contractor normally involves some form of prequalification. The better prequalification regimes adopt a structured multi-criteria approach (i.e. contractor evaluation based on a multiple of factors over and above cost). This research solicits contractors'...
Persistent link: https://www.econbiz.de/10005482481
from the literature to what contractors actually do. No comprehensive literature on the real bidding processes used in … contractors may have no justifiable basis. Contractors process their bids through certain tendering gateways. They acknowledge the …
Persistent link: https://www.econbiz.de/10005482565
Under-pricing in construction tenders is a common phenomenon and is commonly explained by the need of cash flows and penetration strategy. However, these explanations involve profit cutting and therefore are not plausible in explaining a long-term persistent phenomenon of under-pricing. A real...
Persistent link: https://www.econbiz.de/10005141079